During Market hours Yesterday (Thursday – 22.04.2021):
- Nasdaq (Symbol: QQQ) dipped 1.21%. The S&P 500 (Symbol: SPY) went down 0.91%. The Dow (Symbol: DIA) slid 0.93%.
- AT&T (Symbol: T)— The telecom and media stock jumped 4.15% after a stronger-than-expected first-quarter report. AT&T earned an adjusted 86 cents per share on $43.94 billion in revenue. Analysts surveyed by Refinitiv were anticipating 78 cents per share and $42.69 billion in revenue. CEO John Stankey also expressed optimism about HBO Max, the company’s streaming service.
- Fisker (Symbol: FSR)— The electric vehicle stock stumbled for a 9.04% loss after Goldman Sachs downgraded Fisker to sell from neutral. The investment firm said in a note to clients that it is concerned that the early stage company will be facing heavy competition once it gets its vehicles to the market.
- Dow (Symbol: DOW)— Shares of Dow fell 6% even after the chemicals company beat on the top and bottom line of its quarterly results. Dow reported earnings of $1.36 per share on revenue of $11.88 billion. Analysts expected earnings of $1.14 per share on revenue of $11.09 billion, according to Refinitiv.
- Danaher (Symbol: DHR)— The life sciences company’ shares popped 3.49% after a better-than-expected quarterly report. Danaher reported earnings of $2.52 per share, well above the $1.75 per share forecasted on Wall Street, according to Refinitiv. The company reported revenue of $ 6.86 billion, higher than the expected $6.26 billion.
- Biogen (Symbol: BIIB)— Shares of the biotech fell 4% despite a stronger-than-expected quarterly report. Stifel analyst noted that the solid earnings were overshadowed by the uncertainty surrounding its Alzheimer’s drug aducanumab.
- Blackstone Group (Symbol: BX)— The investment giant gained 3.3% after it swung to a record quarterly profit as its bets on fast-growing companies paid off during the first quarter. The value of Blackstone’s private-equity portfolio climbed 15.3%, well ahead of the S&P 500′s 5.8% gain over the same time. The firm is an investment in online-dating platform Bumble and genealogy company Ancestry.
- Las Vegas Sands (Symbol: LVS)— The casino stock dropped 4% after a revenue miss. Las Vegas Sands reported $1.196 billion in sales for the first quarter, versus revenue of $1.327 billion expected by analysts, according to FactSet.
During Premarket hours today – (Friday – 23.04.2021):
- Kimberly-Clark (Symbol: KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus.
- Boston Beer (Symbol: SAM) – The Sam Adams brewer surged 7.6% in premarket action after beating top and bottom line estimates by a wide margin for its latest quarter. Boston Beer’s results were helped by a jump in sales for its Truly hard seltzer brand.
- Mattel (Symbol: MAT) – The toy maker’s shares rallied 6.8% in premarket action after it reported record 47% sales growth for its latest quarter compared to a year ago. Mattel reported a much smaller-than-expected loss, but revenue beat forecasts on strong sales of toys like Barbie dolls and Hot Wheels cars.
- American Express (Symbol: AXP) – American Express reported first-quarter profit of $2.74 per share, beating the consensus estimate of $1.61 a share. The financial services company’s revenue came in slightly short of forecasts. The bottom line was helped by $1.05 billion in credit reserve releases as the macroeconomic environment improved. American Express shares fell 2.2% in premarket trading.
- Honeywell (Symbol: HON) – The industrial conglomerate beat estimates by 12 cents a share, with quarterly earnings of $1.92 per share. Revenue beat estimates as well. Sales for Honeywell’s aerospace segment declined, but it saw strength in its safety and productivity business. Honeywell shares slid 1.5% in the premarket.
- Schlumberger (Symbol: SLB) – The oilfield services company’s shares rose 1.4% in the premarket after it reported better-than-expected profit and revenue on improved international drilling activity.
- Intel (Symbol: INTC) – Intel fell 2.2% in premarket trading despite beating estimates on both the top and bottom lines for the first quarter. Investors are focusing on a lighter than expected full-year sales forecast, even though the chipmaker raised that outlook from its prior guidance.
- Snap (Symbol: SNAP) – The parent of Snapchat reported a breakeven quarter, compared to consensus forecasts for a 6 cents per share loss. Revenue also beat estimates, as did user growth for Snapchat, and the stock rallied 4.5% in the premarket.
- Seagate Technology (Symbol: STX) – The hard disk drive maker’s shares slipped 2% in the premarket despite better-than-expected profit and revenue for its latest quarter. Seagate forecast slightly better-than-expected profit for the full year, with its revenue projection roughly in line with Wall Street forecasts.
- Skillz (Symbol: SKLZ) – The esports platform surged 10.1% in premarket trading following news that Cathie Wood’s ARK funds bought another 1.2 million shares following a 5 million share purchase on Wednesday.
- Skechers (Symbol: SKX) – The footwear maker beat estimates on the top and bottom lines for its latest quarter, boosted by strong overseas demand for its shoes. Skechers shares soared 10.4% in premarket action.
- World Wrestling Entertainment (Symbol: WWE) – The media and entertainment company’s shares rose 2.9% in premarket action after it reported better-than-expected profit and revenue for the first quarter. Profit fell from a year ago, however, reflecting a decline in live events due to the pandemic.
- Skyworks Solutions (Symbol: SWKS) – The chipmaker is buying the infrastructure and automotive business of Silicon Labs (Symbol: SLAB) for $2.75 billion in cash. The deal will help Skyworks expand into new markets like electric vehicles and 5G technology. Skyworks rose 4.1% in the premarket, while Silicon Labs rallied 12.3% after saying it would return $2 billion of the deal’s proceeds to shareholders.
- Harley-Davidson (Symbol: HOG) – The motorcycle maker’s stock fell 2.6% in the premarket after Morgan Stanley downgraded it to “underweight” from “equal-weight.” The stock rallied after strong first-quarter earnings, but Morgan Stanley said recent positive dynamics are now priced in and that investors are underappreciating the challenges that lie ahead.
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